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COLLINS v. MORGAN STANLEY DEAN WITTER

No. Civ.A. G-99-052.

60 F.Supp.2d 614 (1999)

James A. COLLINS, et al. v. MORGAN STANLEY DEAN WITTER and Ian C.T. Pereira.

United States District Court, S.D. Texas, Galveston Division.

August 17, 1999.

Attorney(s) appearing for the Case

Patrick Andrew Zummo, Zummo & Perry, Houston, TX, David Burke Harberg, Houston, TX, for plaintiffs.

Robin C Gibbs, Gibbs & Bruns, Houston, TX, Robert Joseph Madden, Gibbs & Bruns, Houston, TX, Kenneth M Kramer, Sherman & Sterling, New York City, for Morgan Stanley Dean Witter, Ian C.T. Pereira, defendants.

David Burke Harberg, Attorney at Law, Houston, TX, for Robert M. Chiste, David J. Atwood, plaintiffs.

ORDER GRANTING DEFENDANTS' MOTION TO DISMISS

KENT, District Judge.

This case arises out of a contract between Morgan Stanley and Allwaste, Inc. ("Allwaste"), pursuant to which Morgan Stanley provided advice to Allwaste concerning a merger with Philip Services Corp. ("Philip"). The case has been brought by holders of stock options (the "Option Holders") in Allwaste, who claim that Morgan Stanley and Pereira gave bad advice, causing Plaintiffs' options...

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